Saks Fifth Avenue Shake-Up: Closing Neiman Marcus Headquarters, Tells Vendors Payments Will Be Late

Saks Global's challenges grow as it moves to cut costs and hold payments to vendors. Even more challenging, Saks trails in foot traffic to luxury department stores.

Feb 18, 2025 - 19:02
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Saks Fifth Avenue Shake-Up: Closing Neiman Marcus Headquarters, Tells Vendors Payments Will Be Late
Saks Global's challenges grow as it moves to cut costs and hold payments to vendors. Even more challenging, Saks trails in foot traffic to luxury department stores.